Hi,
Since last post we have seen very consistent churning of upward momentum as bears turn bullish, bulls remain in formation and shorts closed.
We saw a new round of shorts(51% rise) and almost zero downward price action; signaling a very bullish base being built, and a zone that could be a short term reversal to true bullish momentum.
Pictured is my view of the next few days of price action. I expect this new ascending triangle which is a continuation of the last cup and handle to break out toward the green trend-line and from there, consolidate and break out or head south for more stable support levels in the 6k region.
Follow the Wizard! Good luck!
Since last post we have seen very consistent churning of upward momentum as bears turn bullish, bulls remain in formation and shorts closed.
We saw a new round of shorts(51% rise) and almost zero downward price action; signaling a very bullish base being built, and a zone that could be a short term reversal to true bullish momentum.
Pictured is my view of the next few days of price action. I expect this new ascending triangle which is a continuation of the last cup and handle to break out toward the green trend-line and from there, consolidate and break out or head south for more stable support levels in the 6k region.
Follow the Wizard! Good luck!
